Dollar Gets Brief Kick
From BOJ Intervention

By

John Parry and

Grainne McCarthy Dow Jones Newswires

Updated June 4, 2002 8:10 p.m. ET

NEW YORK -- The dollar shot higher after the Bank of Japan's fourth recent bout of yen-selling, aimed at weakening the Japanese currency, but the dollar soon partially pared its initial gains amid a persistently despondent backdrop for dollar-denominated assets.

The intervention took place early in Tuesday's New York session, fleetingly pushing the dollar over a yen higher.